Consumer inflation holds steady in October
The annual change in the consumer price index (CPI) in October 2021 was 5,0%, unchanged from the 5,0% recorded in September. The monthly rate also held steady, remaining at 0,2%. Food and non-alcoholic beverages (NAB) and transport were the most significant contributors to both the annual and monthly rates. Annual food inflation slows for a read more »
Consumer inflation quickens for a second month
Annual consumer price inflation edged slightly higher to 5,0% in September from 4,9% in August and 4,6% in July. This represents the fifth consecutive month with annual inflation above the 4,5% midpoint of the South African Reserve Bank’s monetary policy target range. The monthly change in the consumer price index (CPI) was 0,2%. Transport, food read more »
Consumer inflation edges up in August
The annual change in the consumer price index (CPI) in August was 4,9%. This was slightly higher than July’s increase of 4,6% and identical to the reading in June. This is the fourth consecutive month where the annual increase is higher than the midpoint (4,5%) of the South African Reserve Bank’s monetary policy target range. read more »
Consumer inflation quickens to a 30-month high
Annual headline inflation climbed above the 4,5% midpoint of the South African Reserve Bank’s monetary policy target range, accelerating to 5,2% in May from 4,4% in April. This is the highest reading since November 2018 when the rate was also 5,2%. The 5,2% annual change in May comes off a low base recorded in May read more »
Consumer price inflation hits a 14-month high
Annual headline inflation jumped to 4,4% in April from 3,2% in March, mainly driven by rising transport and food prices. This is the highest reading since before the lockdown, which was 4,6% in February 2020. Over the last 14 months, consumer price inflation was relatively subdued throughout the lockdown. The lockdown began on 27 March read more »
Annual consumer inflation slows to an eight-month low
Headline inflation slowed to 2,9% in February from 3,2% in January, the lowest reading since June last year when the rate was 2,2%. This is the third time in the past 12 months that the annual rate has slipped below the bottom end of the South African Reserve Bank’s inflation target range. Inflation was below read more »
Consumer inflation dips slightly lower to 3,2%
Annual consumer inflation retreated slightly in November, to 3,2% from 3,3% in October. There was no monthly change in the index. Food and non-alcoholic beverage prices continued to climb, recording an aggregate annual increase of 5,8%, up from 5,4% in October. Food inflation contributed 1,0 percentage point to November’s headline rate of 3,2%. There were read more »
Inflation edges up as food and drink prices bite
Annual consumer inflation hit a seven-month high in October, driven largely by rising prices for food and non-alcoholic beverages. Headline inflation was 3,3%, the biggest annual rise since March when the rate was 4,1%. The monthly increase in October was 0,3%, edging up from 0,2% recorded in both September and August. Food and drink inflation read more »
Consumer inflation slightly down in August
Annual CPI inflation pulled back slightly in August, easing to 3,1% from 3,2% in July. The monthly increase in prices was 0,2%. This is slightly lower than the average monthly change of 0,3% over the past year and lower than the 3-month average of 0,4%. Transport was the most significant contributor to the 0,2% monthly read more »
Consumer inflation rises to four-month high
Annual CPI inflation quickened to 3,2% in July from 2,2% in June as lockdown restrictions continued to ease. The monthly increase was 1,3%, the biggest monthly rise since February 2016 when the rate was 1,4%. The monthly move in July was driven largely by fuel prices and municipal tariffs. Motorists felt some pain as the read more »